Borrowers who put at least 20 down do not have to pay mortgage insurance premiums, which are typically required with FHA loans. Compare FHA and conventional mortgages. Loans guaranteed by the Federal Housing Administration, or FHA loans, aim to make buying homes more affordable for low- to middle-income families, with relaxed lending standards, down payments as low as 3.
5 and competitive rates. Two other loan programs backed by the federal government have similar aims: VA loans are guaranteed by the U. S Department of Veterans Affairs and are available to active military and veterans only. And USDA loans are backed by the U. Department of Agriculture and are geared toward buyers of rural properties.
Conventional mortgage borrowers typically make larger down payments, have secure financial standing and are at low risk of defaulting.
The example above only includes interest and principal payments and is true only for this example. Different loan amounts via different lenders and banks within our network may result in a different comparison rate and may require an application fee.
Want to know if you qualify for a loan. Find out in 3 minutes. Apply for a loan through Loansolutions. No charges, just answers. Were Committed To Service, Speed Security.
The Need for Speed. Our online service readily serves your need to connect with a lender. The process takes a few minutes.
Fill out our secure online form and we send an encrypted copy to an authorized lender to approve. Once you submit your information, you will be redirected to the lender's website where you can review the terms of the loan, including details about all the applicable rates and fees. If you accept these terms, the lender will deposit money directly into your bank account as quickly as the next business day.
Every inquiry received is handled with care and speed. Your Loan, Your Business.
Reasons for needing money range from critical automobile maintenance, unexpected medical expenses, much needed family vacation, basic home improvements, etc. Whatever your reason, we respect your privacy. Thus, we work with lenders familiar with your situation and are ready to help. Important Disclosures. Please Read Carefully. This service is not available in all states. If you request a loan in a particular state where such loans are prohibited, or in a location where WhiteRockLoans.
com does not have an available lender, you will not be connected to a lender.